Fri, 25 Aug 2023
Nifty Kicks Off Muted
– GIFT Nifty Futures at 19,270, down from yesterday’s close at 19,386.
– Nifty started with 90-point rise, later reversed, ending 200 points lower.
– Mixed sectoral action: FMCG, IT, and Realty up, Auto, Metal, Pharma down.
Market Under Pressure
– Global cues impact: Dow 30, S&P 500, Nasdaq Composite, Nikkei, down.
– Nifty records sixth distribution day as it loses over 20bps with higher volume.
– Market status: Uptrend Under Pressure since Aug 4.
Keep an Eye on Nifty’s 50-DMA
– Nifty’s 50-DMA support crucial amidst market uncertainty.
– If weakness intensifies, market status could shift to Downtrend.
– New high in Nifty could restore Confirmed Uptrend status.
Key News Highlights
– Astra Microwave Prds. bags Rs 158 crore orders for satellite sub-systems, radar projects.
– Bharti Airtel, Jio, Vodafone Idea user additions and losses in June.
Leadership Changes at Shopper’s Stop
– Venugopal G Nair resigns as MD & CEO, effective Aug 31.
– Kavindra Mishra appointed as Additional Director from Sep 1.
Stocks to Watch
– Keep an eye on Eih, T V S Motor, Sharda Motor Industries, Ami Organics, Mahindra & Mahindra for potential moves.
Disclaimers
* We only provide advice. The decision to execute the recommendations is completely at your discretion
* All investments in Stock Markets, Commodity Markets and other financial instruments traded here are subject to market risks and the Returns may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates.
* There can be no assurance that an objective will be achieved. The past performance of the calls given or managed by DreamGains Financials- Investment Adviser and its affiliates is not necessarily indicative of future performance of the Calls.
* The Service is not guaranteeing or assuring any returns under any of the Services subscribed to herewith.
* The investments made in the Stock Markets, Commodity Markets and/or in any of financial instruments are subject to external risks. The floating rate investments are subject to risks pertaining to Interest rate movement, Spread Movement, Settlement and Liquidity.
*Investment in securities market are subject to market risks. Read all the related documents carefully before investing
* Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
* The information is only for consumption by the client and such material should not be redistributed.
*The securities quoted in the website are for illustration only and are not recommendatory.
* DreamGains Financials- Investment Adviser will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of the information given in the website or through SMS.
* DreamGains Financials- Investment Adviser generates all its recommendations via science of Technical Analysis.
* DreamGains Financials- Investment Adviser is a SEBI registered investment advisor with registration number INA200002973 with CIN No: U74930KA2009PTC049666
* DreamGains Financials- Investment Adviser is a BASL Member with Membership ID: 1309
* DreamGains Financials- Investment Adviser does not provide any execution based/PMS based services. We only provide investment advice to customers on a pre-paid subscription basis
* DreamGains Financials- Investment Adviser does not have affiliations with any intermediary and hence does receive any remuneration or compensation of any form from any other intermediary.
* DreamGains Financials and/or its associates do not hold beneficial ownership of 1% or more in the recommendations given at the end of the month immediately preceding the date of the recommendation given.
* DreamGains Financials and/or its associates may have investment positions in the stocks recommended.
* DreamGains Financials and/or its associates do not have any financial interest in the subject company.
* Further DreamGains Financials and/or its associates, do not have any material conflict of interest.
* DreamGains Financials certifies that no part of the compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in the recommendations provided.
* Complete name of Investment Adviser as registered with SEBI: DreamGains Financials India Private Limited.
* Type of Registration-Individual, Non-individual: Non-Individual or A Company incorporated under the Companies Act, 1956
* Validity of Registration: Valid until Cancelled or Suspended (Perpetual Validity)
* Complete Address with Telephone Numbers: DreamGains Financials India Private Limited, #219, 1st Floor, Gajanana Towers, 9th Cross Road, 2nd Phase, J.P. Nagar, Bengaluru, Karnataka – 560078, Phone Number – 080-67947485
* Contact Details of Principal Officer: E-mail ID principalofficer@dreamgains.com, Phone number – 9071779255
* Contact Details of Compliance Officer: Name: Mir Julekha Parvin, E-mail ID: compliance@dreamgains.com, Phone number – 9071779255
* Contact Details of Grievances Team: E-mail ID grievances@dreamgains.com, Phone number – 080-67947485
* Corresponding SEBI regional address: SEBI Regional Office (Chennai), Securities and Exchange Board of India, Southern Regional Office, Overseas Towers, 7th Floor, 756 – L Anna Salai, Chennai – 600 002
* SEBI Local Office (Bengaluru): Securities and Exchange Board of India, 2nd Floor, Jeevan Mangal Building, No.4, Residency Road, Bengaluru, Karnataka – 560025
